KPCB XIV Associates LLC bought a new position in shares of QuantumScape Co. (NYSE:QS – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,070,532 shares of the company's stock, valued at approximately $43,556,000. QuantumScape comprises approximately 25.3% of KPCB XIV Associates LLC's investment portfolio, making the stock its 3rd biggest holding. KPCB XIV Associates LLC owned 1.18% of QuantumScape at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of QuantumScape by 16.6% during the first quarter. Oppenheimer & Co. Inc. now owns 15,625 shares of the company's stock valued at $312,000 after buying an additional 2,220 shares during the period. Centiva Capital LP purchased a new position in QuantumScape in the fourth quarter valued at about $979,000. Compagnie Lombard Odier SCmA grew its stake in QuantumScape by 125.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 2,250 shares of the company's stock valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. GSA Capital Partners LLP grew its stake in QuantumScape by 30.4% in the fourth quarter. GSA Capital Partners LLP now owns 10,844 shares of the company's stock valued at $241,000 after purchasing an additional 2,526 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in QuantumScape by 1,120.8% in the first quarter. Koshinski Asset Management Inc. now owns 4,346 shares of the company's stock valued at $87,000 after purchasing an additional 3,990 shares during the last quarter. Hedge funds and other institutional investors own 25.44% of the company's stock.

QuantumScape Price Performance

QuantumScape stock opened at $8.41 on Friday. QuantumScape Co. has a 12 month low of $8.22 and a 12 month high of $43.08. The business has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $12.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 32.11 and a current ratio of 32.11.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial initiated coverage on QuantumScape in a research note on Wednesday. They set a "hold" rating and a $10.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on QuantumScape from $20.00 to $13.00 in a report on Thursday, July 28th. Finally, Morgan Stanley decreased their target price on QuantumScape from $30.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, July 14th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $16.00.

Insider Buying and Selling

In related news, Director Fritz Prinz sold 270,301 shares of the business's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $13.30, for a total transaction of $3,595,003.30. Following the completion of the sale, the director now directly owns 267,482 shares in the company, valued at $3,557,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other QuantumScape news, CFO Kevin Hettrich sold 36,133 shares of the company's stock in a transaction on Friday, July 8th. The stock was sold at an average price of $10.06, for a total value of $363,497.98. Following the completion of the sale, the chief financial officer now directly owns 475,958 shares in the company, valued at approximately $4,788,137.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Fritz Prinz sold 270,301 shares of the company's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $13.30, for a total value of $3,595,003.30. Following the completion of the sale, the director now owns 267,482 shares of the company's stock, valued at $3,557,510.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,236,540 shares of company stock worth $14,872,393. 13.73% of the stock is owned by corporate insiders.

QuantumScape Profile

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QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

Further Reading

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